Equity funds saw their highest net retail sales for nearly two years in February, the Investment Management Association (IMA) said today, with net inflows of nearly £1bn.
In a sign that some rotation out of bond funds is beginning to take place, the IMA's latest statistics reveal equity funds saw net sales of £940m in February, the highest level since April 2011. Fixed income funds also saw their highest net outflows for several years, with net retail redemptions of £163m, the highest level since July 2008. Daniel Godfrey, IMA chief executive, said: "Retail investors were putting more into equity funds than at any time for nearly two years and this was broadly spread with UK, European, Asian and Global equity funds all seeing significant net investment...
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